Pru Unveils Two Real Estate Funds

The Prudential U.S. Real Estate Fund (A: PJEAX) and the Prudential
International Real Estate Fund (A: PUEAX) give investors the opportunity
to focus on specific markets, the company said. The Prudential U.S. Real Estate Fund
focuses on opportunities in the United States, while the Prudential
International Real Estate Fund seeks to provide investors with exposure
to real estate outside of North America in developed and emerging
markets.

“Our real estate funds provide the potential for investors to
hedge against inflation,” said Judy Rice, president of Prudential
Investments. “These funds offer the potential to
lower overall risk, while providing an opportunity for solid
performance.”

While clients may invest in the new real estate funds
individually, both also provide exposure to real estate as part of the
recently launched Prudential Real Assets Fund (A:PUDAX).

The company said the funds are managed by the real estate securities team at Prudential Real Estate Investors (PREI) comprising:

Marc Halle, a managing director at PREI, who oversees the global securities team in the U.S., Europe and Asia;

Rick Romano, a principal who joined PREI in 1998 and is responsible for U.S. real estate securities; and

Gek Lang Lee, a Singapore-based principal at PREI, with more than 20 years of experience managing real estate securities.